Eduardo emails Skyler "Hey, I will sell you my Business Law text for $50.00." Skyler immediately responds, "$50??!! Cool! YES!" This example illustrates what concept of contract formation?

Question

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This example illustrates "meeting of the minds," which means both parties have agreed to the terms of the contract (in this case, the sale of a Business Law text for $50.00). This agreement indicates that both parties understand and consent to the deal, which is a fundamental aspect of contract formation.

Eduardo Emails Skyler "Hey, I Will Sell You My Business